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Sold for $220,000 on 09/15/23
  • $220,000

    529 Park Ave #31, Syracuse, NY 13204

    5beds
    2,912sqft
    Triplex, Multi Family
    Built in 1890
    -- sqft lot
    $263,800 Zestimate®
    $76/sqft
    $1,875 Estimated rent

    What's special

    Investors check out this turnkey 3 unit cash flow machine!! 529 Park consists of two 1 bed, 1 bath units ($650, $750) on the first floor and one 3 bed, 1 bath unit ($1450) on the second floor. Total monthly gross rent of $2,800. Month to month leases. Historically great cash flow and easy to manage. Longer term tenants in the 1 bed units (5 yrs & 2 yrs) these could be increased to market rate. Owner has a new tenant coming into the 3 bedroom for $1450 on 7/15. Month to month lease. Last tenant was there 10 years! A major remodel was completed in 2013 with all new kitchens, bathrooms, HVAC, water tanks, electrical, plumbing, vinyl windows. Original features also remain with pocket doors, decorative fireplaces, natural woodwork. Additional improvements include new tear off roof in 2010, blown in insulation, maintenance free vinyl siding, aluminum wrapped windows, paved driveway w/ parking for 6+ cars. Property being sold with updated certificate of compliance. 21% cash on cash returns. Snag this $$$ maker for your portfolio!

    Zillow last checked: 7 hours ago

    Listing updated: September 22, 2023 at 08:48am

    Listed by:

    Brian D Murphy 315-256-8284,

    Acropolis Realty Group LLC

    Bought with:

    Amanda Kondrk, 10401315854

    Acropolis Realty Group LLC

    Source: NYSAMLSs,MLS#: S1482342MLS LogoOriginating MLS: Syracuse

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas, Forced Air
    Appliances
    • Included: Electric Water Heater, Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Ceiling Fan(s), Other, See Remarks, Storage, Natural Woodwork, Programmable Thermostat
    • Flooring: Carpet, Hardwood, Tile, Varies, Vinyl
    • Windows: Thermal Windows
    • Basement: Full
    • Number of fireplaces: 3
    Interior area
    • Total structure area: 2,912
    • Total interior livable area: 2,912 sqft

    Property

    Parking
    • Parking features: Paved, Two or More Spaces
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,464 sqft
    • Dimensions: 46 x 139
    • Features: Near Public Transit, Residential Lot
    Details
    • Parcel number: 31150010500000020050000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Triplex
    • Property subtype: Triplex, Multi Family
    Materials
    • Vinyl Siding, Copper Plumbing, PEX Plumbing
    • Foundation: Block, Stone
    • Roof: Asphalt,Pitched,Shingle
    Condition
    • Resale
    • Year built: 1890

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Location
    • Region: Syracuse

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    Services availability